The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1887-08-04
state OrRrade.


NEW YORK, July 30.-R. G.. Dun &
Co., in their weekly review of trade
say foreign commerce is still I'M
satisfactory, while in domestic trade
the usual summer dizziness is increased
by a variety of causes. Large bank
clearings and railroad earnings fail to
reflect the present state of business
which is in many branches characterized
by uncertainty and hesitation. Clear
ings represent: ~ speculative dealings;
(2l settlements on bushes done from
one to four months ago; Isl current
cash transactions so that activity IN
speculation on large payments on past
business often swell the clearings while
new legitimate bushes is decreasing in
volume.
Railroad earnings since the inter
state law affected rates afforded no re-
liable indication of the volume of
traffic aud the publication of tonnage
statistics has been to a large extent
suspended which has its significance.
Low prices delay the movement of
wheat and the injury to corn, hay and
some minor crops is causing uncertainty.
Meanwhile foreign imports at New
York continue larger than last year,
while exports for four weeks past have
been eight per cent smaller, and Official
reports show an increase of $1,000, eco
for June in all imports against de-
crease of nearly $1,000 600 in all exports.
For three months ending with June
the excess of merchandise imports was
$44, 1873 1892; wheat, corn, oats, oil, beef
and hogs are lower than week ago.
Red winter at 794 cents at New York
is the lowest July price on record
compared with rs cents to 78t cents In
November and December 1884, but with
that exception no lower price has been
recorded in any month for sixty two
years. Corn at 40 cents at New York
and oats at 80 cents and beef at an
average of "a ,35 do encourage farmers
| to buy largely of the products of other
| industries. Speculation in cotton halts
since the syndicate failures, but prices
weakened again to-day and coffee yields
| a shade. Dealers are meeting a light
and uncertain diStributive demand.
Sugar rises little with the publication
of bullish statistics. Spice dealers
complain that consumers do not come
| to time and the handlers of rice are
not overworked. Oil fell to SAT cents,
but has recovered little. Goal agents
announce an advance of 10 cents for
| August first and that trade is supported
by an increasing demand. Cotton
/ ROO16 D1CCG Unusually kOO4 OOLAoAN
| and prices are stiff. In woolenS the
orders scarcely suffice to open the
market except in cheviotS which move
| at prices not higher than last year.
In dress goods fair trade is noted in
| the interior and reports nearly all note
existing dullness with hopes Of large
trade hereafter. Money is in only fair
demand with no noteworthy change in
rates and collections are fair with an
4 of or fvHyn FlOiVnfe
The speculation in tobacco begins to
advance prices and the rubber
combination of the coke strike sets
most of the iron furnaces at work and
vet it is observed that the actual con-
sumption of pig iron was smaller foI
the first half of 1887 than for the last
half of 1885. Stocks have been de
pressed with signs of weakness on the
part of the holders. The treasury tool
in S12 900, 900 more than it paid Out
during the last week, but money il
J easy at four per cent and foreign ex
change unaltered. The recent de
cisions of the inter state commission
J have not cleared up the more embarraS
, sing questions regarding rates on com
! petitive freight and charges of rat
cutting on trunk lines indicate a wan
} of agreement in construction of the law
with some disappointment as to tn
, volume of traffic. The outlook is at
: fected in some districts by injury +
crops from drouth or storms, but al
southern reports continue especial,
favorable as to cotton. Less is hear
of real estate speculation at the ives
! and south, but at several points as a
: Omaha it is noticed that heav
/ building operations are in progress
; The transfer of floating into fixe
9 capital has not yet ceased.
r Business failures during the las
I seven days number for the Unite
q States 1872; for Canada %; total 10
{ compared with I72 last week and Is
4 for the corresponding week of last yea
: EHOn H. w. Grady.